Juniper Networks to lay off about 6% of its workforce

Juniper Networks will lay off about 6% of its workforce and back out of application delivery controllers as part of a restructuring intended to cut costs and focus the company on markets where it can grow fast. The job cuts, from an employee base of more than 9,400, will lead to $35 million in severance and other costs in the current quarter, the company said in a regulatory filing on Tuesday.